FLY Leasing sells six aircraft

FLY Leasing has sold six Boeing 717-200 aircraft manufactured in 2001. The aircraft were acquired by FLY in 2011 as part of a 49-aircraft portfolio transaction. “The sale of these non-core aircraft will result in a gain over our current book value and generate gross cash proceeds of $17 million,” said Colm Barrington, CEO of FLY. “The sale of these older aircraft at a price above our book value once again highlights the value in our portfolio and our commitment to monetizing that value for shareholders. These sales are in line with our strategy of selling non-core aircraft and reinvesting